[¶12,173] In the Matter of Valley Bank, Auburn, Washington, Docket No. 04-042q
Status of bank as an insured state member bank terminated.
In the Matter of
VALLEY BANK AUBURN, WASHINGTON (Insured State Nonmember Bank)
ORDER OF APPROVAL OF TERMINATION OF INSURANCE
Pursuant to section 8(q) of the Federal Deposit Insurance Act (the
"Act"), 12 U.S.C. §1818(q), and section 18(i)(3) of the Act,
12 U.S.C. §1828(i)(3), the Federal Deposit Insurance Corporation
("FDIC"), having found that Puyallup Valley Bank, Puyallup,
Washington (now known as "Valley Bank"), has provided to the FDIC
on March 4, 2004, satisfactory evidence that it has assumed the
liabilities for deposits of Valley Bank, Auburn, Washington
("Insured Institution"), as of January 17, 2003, as required by
section 307.1 of the FDIC's Rules and Regulations, 12 C.F.R.
§307.1, and that Valley Bank has notified the Insured
Institution's depositors of its assumption of their deposits, hereby
issues the following ORDER:
IT IS HEREBY ORDERED, that the status of the Insured Institution,
as an insured state nonmember bank be, and hereby is, terminated as of
March 4, 2004.
Pursuant to delegated authority.
Dated at Washington, D.C., this 7th day of April, 2004.